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The Retained earnings account has a credit balance of $44.000 before closing entries are made. Total revenues for the period are $62,200, total expenses are

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The Retained earnings account has a credit balance of $44.000 before closing entries are made. Total revenues for the period are $62,200, total expenses are $43,300, and dividends are $11,800. What is the correct closing entry for the expense accounts? Multiple Choice Debit Income Summary $43,300, credit Retained earnings $43,300. Credit Expense accounts $43,300, debit Retained earnings $43,300 Debit Income Summary $43,300, credit Expense accounts $43,300, Debit Expense accounts $43,300; credit Income Summary $43,300. Debit Expense accounts $44,000; credit Retained earnings $44,000

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